Defi tracker Ape Board acquired by Ethereum analytics agency Nansen
Analytics platform Nansen is on the point of launch a brand new portfolio tracker together with different options with the newly acquired Defi tracker Ape Board
By Shashank Bhardwaj
Nansen, a number one Ethereum blockchain analytics agency, has acquired a cross-chain decentralised finance tracker Ape Board to scale its operations. Ape Board Defi tracker was acquired in a over $10 million deal, the agency introduced on Tuesday.
Nansen CEO Alex Svanevik commented that knowledge assortment from the current cryptocurrency and Defi ecosystem is fragmented. The portfolio tracker acquisition and integration will show to be a giant step ‘in the direction of bringing all of the market intelligence a dealer, establishment or enterprise wants below one roof.’
The acquisition will probably be closed in Could and can result in the groups from the 2 platforms to return collectively to combine Nansen’s analytics and Ape Board’s portfolio monitoring and type ‘the definitive data tremendous app of Web3′. This web3 app will probably be an all-in-one data service. The acquisition can even have 13 workers of Ape Board becoming a member of Nansen’s workforce, which consists of 120 analysts, product managers, and engineers.
Nansen spokesperson mentioned, “Ape Board will change into the start line of a brand new Nansen Portfolio tracker. It’ll be free to make use of and combine seamlessly with the remainder of Nansen’s options.” The brand new acquisition will pave the way in which for Nansen to change into the go-to tremendous app for web3.
Nansen added, “The subsequent 12–18 months will seemingly mark a consolidation interval for crypto. Nansen has a robust warfare chest, and we plan to proceed being aggressive with our progress and construct an unrivalled, all-in-one market intelligence platform.”
Nansen was based in 2019 and was named after Fridtjof Nansen, a scientist and explorer. The platform is concentrated on knowledge assortment and evaluation of the Ethereum community. Identified names within the crypto funding sector like Andreessen Horowitz and Coinbase Ventures again the platform. Nansen raised $12 million in a Collection A funding spherical in 2021 and constructed a blockchain analytics platform for the Defi sector.
To fulfil its Defi aspirations, Ape Board presents an ideal match. Ape Board was launched in 2021 as an aggregator platform for Defi investments. At the moment, Ape Board helps over 36 blockchains, together with Ethereum (ETH), Terra (LUNA), Solana (SOL), BNB Sensible Chain (BNB), and Polygon (MATIC), and 390 protocols.
The author is the founder at yMedia. He ventured into crypto in 2013 and is an ETH maximalist. Twitter: @bhardwajshash